Verus Capital Partners LLC Has $402,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Verus Capital Partners LLC trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 11.6% in the third quarter, Holdings Channel.com reports. The firm owned 1,617 shares of the company’s stock after selling 213 shares during the quarter. Verus Capital Partners LLC’s holdings in Marriott International were worth $402,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MAR. Canoe Financial LP bought a new position in shares of Marriott International during the third quarter worth about $77,331,000. International Assets Investment Management LLC raised its holdings in shares of Marriott International by 15,148.3% in the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after purchasing an additional 300,543 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Marriott International by 36,856.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock worth $58,346,000 after purchasing an additional 240,674 shares in the last quarter. JPMorgan Chase & Co. grew its position in Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after purchasing an additional 192,652 shares in the last quarter. Finally, Capital International Investors increased its stake in Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after buying an additional 149,378 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.0 %

NASDAQ:MAR opened at $286.02 on Wednesday. The stock has a 50 day simple moving average of $252.26 and a 200 day simple moving average of $240.54. Marriott International, Inc. has a 1-year low of $196.24 and a 1-year high of $287.00. The stock has a market cap of $79.48 billion, a P/E ratio of 29.92, a PEG ratio of 6.27 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the firm posted $2.11 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MAR. TD Cowen decreased their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Barclays boosted their price target on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Bank of America raised their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group began coverage on shares of Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $259.00.

Insiders Place Their Bets

In other news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Marriott International news, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the sale, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.07% of the company’s stock.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.